Key Indian equity indices trade higher

Key Indian equity indices trade higher

The Sensex surged 278 points, or 0.9%, to touch a peak at 30,712.35 while the Nifty reclaimed the 9,500-level to tick 9,505.75.

Mumbai: Benchmark Sensex ended in the green at 30,464 in see-saw trade Friday as FMCG counters buzzed following finalisation of GST rates for bulk of the items.

Limited is trading higher by around 5.16% at Rs 1030.6 per share. On the other hand, Asian Paints, Eicher Motors, Hindalco, Indiabulls Housing Finance, TCS, HDFC, Wipro and Indian Oil were among the losers. Both the indices recorded their second straight weekly gains by rising 276.77 points, or 0.91 per cent, and 27 points, or 0.28 per cent, respectively. The current market cap of the company is Rs 337757.99 crore. The market breadth continued to remain negative as 1,789 stocks closed lower, 957 finished higher while 165 ruled steady.

China's Shanghai Composite index was quoting in red, down by 0.18 per cent. Analysts expect SBI to report net profit of Rs 2,628 crore on net interest income of Rs 15,448 crore.

Karur Vysya Bank advanced 1.5 percent on reporting a 58 percent increase in quarterly profit. HUDCO shares up 22 per cent at 73.45 in pre-market session.

More news: McDonald's expands delivery partnership with UberEats

The BSE fast moving consumer goods index gained as much as 4% as Hindustan Unilever, ITC, Colgate Palmolive, Jayshree Tea, Emami, Britannia, Marico and Tata Coffee were up over 3-5% each.

Coal India rallied 2.62 per cent, followed by NTPC and PowerGrid.

Likewise, the 50-scrip NSE barometer Nifty slipped from its all-time high to finish at 9,429.45, down 96.30 points, or 1.01 percent. The government on Thursday finalised Goods and Services Tax rates for substantial items clearing a major hurdle towards July 1 rollout of much awaited nationwide Goods and Services Tax.

The stock rose on impressive volumes today. The US Dow Jones Industrial Average ended 0.3% higher on Thursday.

Meanwhile, foreign portfolio investors (FPIs) sold shares worth a net Rs 360.59 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 897.96 crore yesterday, as per provisional data released by the stock exchanges.

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